Penalty value applied to financial institutions by People's Bank of China 2012-2017
In 2017, a total of 255 financial institutions in China were penalized by People's Bank of China, with aggregated value of penalties amounting to around 107.4 million yuan. People's Bank of China functions as the supervisor of financial institutions in China. Over the years, an increasing number of financial institutions were penalized for violations of the Anti Money Laundering Law in China.
